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Crypto Adoptionin Cryptocurrency
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Crypto donations continue to fuel Trump’s Super PAC as the IMF adapts to Bitcoin, signaling a major shift in global economic standards, while plans for a US strategic Bitcoin reserve remain active.

Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs

NewsBTCSaturday, August 2, 2025 at 7:00:02 AM
NegativeCryptocurrencyCryptocurrency Markets
Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs
Bitcoin's sudden drop below $115,000 triggered a massive $700 million liquidation of leveraged long positions in the crypto market, causing a ripple effect across altcoins. While BTC briefly dipped into the $114,000 range, it has since recovered slightly, but the broader market remains under pressure.
Editor’s Note: This kind of sharp downturn isn't just about price—it forces traders who bet on rising prices (via leveraged longs) to exit their positions, amplifying market volatility. For crypto investors, it’s a reminder of how quickly sentiment can shift and how risky high-leverage trading can be. If this trend continues, it could signal deeper market uncertainty.
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